Half Year 2021 Event Hospitality and Entertainment Ltd Earnings Call Transcript
Thank you for standing by, and welcome to the Event Hospitality & Entertainment Half Year Results Conference Call. (Operator Instructions)
I would now like to hand the conference over to Ms. Jane Hastings, CEO. Please go ahead.
Good morning, everyone, and thanks for dialing in. With me today, I have Greg Dean, Director of Finance; David Stone, Company Secretary; and Mathew Duff, Director of Commercial. We'll move just through this at a top line level to enable much time for questions at the end.
Okay. On the summary. It's clear that the pandemic has driven our revenue down by $466 million, and we've had a very strong response to mitigate that EBITDA loss to $31 million. Globally, our industries have been impacted, and hotels, cinemas and ski resorts, and we're pleased that EVENT's markets have performed better. Only 56% of global cinemas were open. And given that blockbuster films have a day-and-date release, that delayed most of those releases.
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